NEWS

• Posted December 15, 2014

DECEMBER 2014 - CYPRUS SOCIAL INSURANCE NEWS

Payment of long outstanding social insurance contributions without interest and penalties.

Earlier this month, the House of Parliament amended the legislation regarding the deadline for payment of the outstanding social insurance contributions. As per the new law, any outstanding payments of social insurance contributions can be made by 31 December 2014, without any impositions of interest and penalties, which in some cases could be up to 27%.

We recommend you to settle your outstanding social insurance contributions within the new deadline, in order to benefit from the extension of the deadline granted, thus avoid paying interest and penalties.